AeroClean Technologies, Inc. (NASDAQ:AERC) Short Interest Up 62.5% in March

AeroClean Technologies, Inc. (NASDAQ:AERCGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 79,300 shares, an increase of 62.5% from the March 15th total of 48,800 shares. Based on an average daily volume of 243,800 shares, the days-to-cover ratio is presently 0.3 days.

Shares of AERC opened at $3.18 on Monday. The firm’s 50-day moving average is $4.04. AeroClean Technologies has a twelve month low of $3.06 and a twelve month high of $117.35.

AeroClean Technologies (NASDAQ:AERCGet Rating) last announced its quarterly earnings results on Thursday, March 31st. The company reported ($0.14) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14).

A hedge fund recently bought a new stake in AeroClean Technologies stock. Advisor Group Holdings Inc. acquired a new position in AeroClean Technologies, Inc. (NASDAQ:AERCGet Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,410 shares of the company’s stock, valued at approximately $25,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Separately, Benchmark decreased their price target on AeroClean Technologies from $10.00 to $7.00 in a research report on Thursday, March 31st.

About AeroClean Technologies (Get Rating)

AeroClean Technologies, Inc, an interior space air purification technology company, provides air purification solutions for hospitals and other healthcare facilities. The company offers interior air sterilization and disinfection products for the eradication of harmful airborne pathogens, including COVID-19.

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